Ritco Logistics Limited informed that Mr. Dhananjay Prasad has successfully completed his 5-year tenure with Ritco Logistics Limited as CEO (Chief Executive Officer) and decided not to continue for another term and submitted his resignation on 17 February 2023. Mr. Prasad, hence his contract will not be renewed and his resignation has been accepted by the board on its meeting held on 20 February 2023. Also, the board in its meeting held on 20 February 2023 approved appointment of Mr. Sanjeev Kumar Elwadhi, Promoter and MD of the company to be the CEO of the Company for a tenure of 5 years.

Mr. Sanjeev Kumar Elwadhi being the backbone behind the design and implementation of RITCO's recent technological jumps, company see no better fit to take the company on to the next phase of its growth journey. Mr. Sanjeev Kumar Elwadhi, has been promoter Director of the Company and has been MD of the company since 22 May 2018. He possess over 35 years of experience in the sphere of transportation and logistics.

He has been instrumental in business development particularly related to Contract Logistics and Fleet management and also in the recent foray of RITCO into becoming a tech enabled logistics company.